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From disposable vending machines to the all-in-one Bitcoin ATM, we'll give you an overview of what's happening in the Bitcoin world.

In the last weeks some new manufacturers appeared on the news spy market

This means that the previously relatively small competition between the already well-known brands is gradually growing. The vending machines, which are often declared as kiosks or vending machines (depending on the jurisdiction), not only make it easier for people to buy Bitcoins, but also act as silent ambassadors to show people how easy it is to trade Bitcoins. The more machines, the greater the public interest according to the news spy on onlinebetrug.de.

Seattle
The first Bitcoin dispenser in Seattle is a rather ordinary dispenser: It is a Robocoin vending machine maintained by CoinMe and installed in a Spitfire Grill restaurant. The machine has a palm scanner and the withdrawal amount per customer is limited to 3,000 USD/day.

CoinMe's Managing Director Nick Hughes said he also uses the machines to educate and inform new potential users:

"People must be given the opportunity to talk about it and be informed. [...] They need to be educated about risks by credible people and learn about significant successes."

Saskatoon, Canada

The Edmonton-based company Bitcoin Solutions is also faithfully following the motto "Buy, Sell and Educate" and will be commissioning the first Bitcoin vending machine in Saskatchwan this week. The machine is not only one of the latest generations, it also comes from the Ottawa-based manufacturer BitAccess.

According to a Newstalk 650 report, the company chose this city because of the large number of young people. BitAccess co-founder Haseeb Awan stated that the machines are FinCEN and FinTRAC compliant and have a 3-stage security system. Transactions with a volume < 3,000 dollars only require the entry of a code sent by SMS. For transactions over $3,000, the ID card must be scanned and for transactions over $10,000, the transaction is sent to FinCEn or FinTRAC.

The company manufactures its vending machines in Canada and has already demonstrated them to the Canadian Senate. The small company currently delivers to 8 countries and is growing steadily.

Bitcoin Solutions also previously installed a vending machine in Edmonto and plans to expand into other Canadian cities.

Japan
For a country teeming with gadgets, computer geeks and bankers, Japan jumped on the bandwagon of Bitcoin machines relatively late. Reasons for this could be the not yet clear regulations or the not yet available Japanese language software of the existing machines.

The Wall Street Journal and TV Tokyo recently reported on a Robocoin Promotion Tour. Even though the machine accepts the Japanese yen, the majority of the interface is in English. There has also been news at the regulatory level, although the MPs have adopted a similar approach to Singapore: Bitcoin is not regarded as money and is therefore not regulated.

If you ask CEO Jordan Kelley how many Robocoin vending machines he wants to ship to Japan, he will probably answer: "As many as the Japanese market can support.

Amsterdam, Netherlands
Amsterdam now has its own Bitcoin kiosk and it is a new generation vending machine. The manufacturer of the vending machine is BTC-O-Matic and produces a range of one-way and two-way vending machines. The vending machine installed on 30 April is a two-way vending machine. Various other products of the company can be seen in the following video. The vending machine is located 5 minutes walk from the main station.

Dubai, UAE
Dubai-based startup Umbrellab has reportedly made good progress with the idea of equipping 300 payment kiosks with Bitcoin functionality. The project had caused confusion a few weeks ago, as it was not quite clear whether the kiosks were pure pay stations or real Bitcoin machines. The company insured to convert all 300 stations into fully-fledged Bitcoin machines.

Martin Quensel is one of the three co-founders of Centrifuge. The startup wants to bring the financial supply chain to the blockchain to eliminate inefficiencies and avoid unnecessary middlemen. The founders have already proven their potential with their former company Taulia. Taulia is also part of the Supply Chain Finance division and can count 97 of the 100 Fortune companies among its customers. Martin Quensel explains in an interview why the blockchain will revolutionize the industry and what role Centrifuge should play.

DApps and the reinvention of Bitcoin loophole business processes

We want to combine public and permissioned Bitcoin loophole blockchains in an open B2B platform, the Centrifuge OS. Every Bitcoin loophole company or organization can anchor its identity. Based on this, we can define relationships with suppliers, customers, partners and share transaction data such as orders, goods receipts, invoices or payment details. In addition, we will be able to develop and offer decentralized applications, also called dApps, to anyone who wants to become part of our community. The financing of invoices is only one possible application here.

This also explains our name. Like a centrifuge we relocate the conventional business processes, separate the essential components and reinvent them building on Centrifuge OS. We are not interested in improving these processes. We have also exhausted the optimization potential with our previous companies. The Blockchain enables a new kind of business interaction. This requires new processes and the potential is gigantic in our opinion and only foreseeable today.

Zero-Knowledge-Proof for result verification

As an open platform, how do you manage to protect the privacy of your customers?

Apart from costs, scalability and transaction speed, public blockchains like Ethereum are not yet a medium with which companies want to share business data such as invoices or orders. Sensitive information such as prices or quantities would sooner or later be visible to everyone - including competitors - if they were permanently stored here. The same applies to a Smart Contract, which maps the business relationships between a supplier and its customer, since it is executed decentrally on all nodes and therefore has access to the processed data.

We combine Permissioned Sidechains with a Public Mainchain. All data can be verified publicly at any time, but is not stored publicly. The data exchange is always controlled by the node of the owner of the data, for example the buyer in case of an order. Smart Contracts are only executed on participating nodes. Zero-Knowledge-Proofs enable the verification of results without having to share the details. This combination of technology, most of which is already available, will enable any Centrifuge company to share all its data with all its business partners in an open decentralized network, without losing data sovereignty and control to a central hub or intermediary.

New economical systems on the blockchain

With Taulia, you have already created a very successful company that is active in the supply chain finance sector. Why are you attacking the market you have already captured with a blockchain solution?

We don't believe that we compete with established Supply Chain Finance (SCF) platforms like Taulia. That wouldn't make any sense to us Centrifuge founders. We, Philip, Maex and I, are also founders of Taulia and of course still have a stake in Taulia.

The Centrifuge OS is an open B2B platform where any company can exchange and share data with any company while retaining full control over its data. So it doesn't offer any financing functions per se.

We're planning the first use case to be a distributed application that will allow SCF vendors to offer blockchain financing to any company on the Centrifuge. Taulia can also open its closed network here on an equal footing with other SCF providers and offer its great financing capabilities to many more buying and selling companies.

BlockShow Europe 2018 took place in Berlin from 28 to 29 May. Developers, investors and crypto enthusiasts from all over the world came together to initiate projects, exchange ideas and discuss the future of the Blockchain. The BTC-ECHO team was also there and summarized some impressions of the event for you.

One event, two days, two stages, 80 speakers from all over the world, 150 blockchain projects and more than 3,000 visitors - that's BlockShow Europe 2018 in figures. In Europe's crypto capital Berlin, representatives from business, politics and information technology came together over the past two days to talk about their common theme: the Blockchain. The spectrum ranged from more technical topics such as the Internet of Things or artificial intelligence to political topics such as regulation and the implementation of blockchain applications in practice.

Bitcoin news: What role can the blockchain play?

In a high-ranking panel entitled "2018 as a Year of Blockchain Education", a Bitcoin news discussion was held on how to raise awareness of the technology. The Bitcoin news panel included, among others, Blockchain-YouTuber Ivan Liljeqvist as moderator as well as Lisk founder and CEO Max Kordek. Since its rebranding with the Lisk Academy, the Lisk Blockchain platform in particular has been focusing on education in the blockchain area.

In the round on "Getting Blockchain Investments Mainstream in 2018", the participants tried to find out how blockchain-based types of financing are gaining ground. The main objective will be to encourage traditional institutional investors to make crypto investments. Emerging markets in particular are being identified as suitable locations for implementing new types of financing with block-chain products - traditional venture capital structures are not yet as pronounced here. In any case, a regulatory framework is needed to provide companies and start-ups with a clear framework.

Mike Butcher, editor-in-chief of TechCrunch, provided a highlight with his keynote lecture "Disinformation could kill Crypto". He presented trust as the central element of the blockchain - just because people don't trust each other, a blockchain solution becomes necessary. Butcher sees the mass of ICO scams last year as reducing trust in the blockchain. If people lose confidence in the technology, the blockchain will not be able to assert itself.

Regulation: innovation killer or helping hand?

Also of interest was the panel "Governmental Blockchain Initiatives within EU (and beyond)", which discussed and commented on regulatory measures in politics. Vit Jedlicka, the founder of the Free Republic of Liberland, held the very clear opinion that any state regulation would harm the free development of technology. Liberland is a project of a more or less government-less state that functions entirely on the blockchain. So far, Somalia is the only country considering recognition of the state - but Somalia itself has no functioning government.

Jedlicka proposes to test the separation of state and economy in a similar way to the separation of church and state. According to his calculations, one third of the EU's economic output has been destroyed by regulation in the last 12 years. He ignores the fact that the world economic crisis, which is due to the excesses of capitalism, also falls during this period. Blockchain investor Plamen Russev immediately contradicts him and states that not every member of society is an entrepreneur. In the interest of all others, rules for the economy are needed so that we do not live in a Wild West in which the law of the strongest applies.

All in all, the block show was a very colorful event that left many impressions and food for thought for the rest of 2018. We can be curious to see how this will develop in the near future in terms of adaptation and regulation. The location Berlin as a crypto hub of Europe and home to countless blockchain start-ups and entrepreneurs was also underlined on these two days.

The Bitcoin rate has risen the week, crossed the 3,000 Euro barrier and is currently at 3,206.75 EUR (3,790.49 USD).

Summary of the cryptosoft report

The Bitcoin price has risen over the week. Shortly before crossing the 3,000 EUR mark there was a short spike on Coinbase up to 5,002.90 EUR (5,913.60 USD). Short-term resistance is EUR 3,246.98 (USD 3,838.44), an important cryptosoft support for the moving average over the last 24 hours is EUR 3,084.39 (USD 3,645.86) like this: https://www.onlinebetrug.net/en/cryptosoft/

Despite the weather one feels reminded of the beginning of June: After the Alltime High last week not only a new one was reached, but a new milestone was reached with the exceeding of a market value of 3.000 Euro (about 3.546 US Dollar). In a flash, the price even jumped to EUR 5,002.90 (USD 5,913.60), but this was a single order that was somewhat reminiscent of the GDAX fiasco on ETH/USD at the end of June.

Irrespective of this spike, the price was largely able to hold above the moving averages for one or two days and has so far been rising.

The MACD (second panel from above) is positive, corresponding to this further rise, as is the MACD line (blue) above the signal (orange).

The RSI (third panel from above) stands at 73 and is therefore in the overbought territory.

Overall, the signs are bullish. A first important short-term resistance is represented by the current all-time high at 3,246.98 EUR (3,838.44 USD). Important short-term supports are represented by EMA24 and EMA48, the moving averages, over the last 24 and 48 hours, respectively, at 3,084.39 EUR (3,645.86 USD) and 3020.69 EUR (3,570.56 USD) respectively.

The long-term development of the share price

For further guidance on future developments, first look at the 240min chart:

The bullish trend that began last week continued unabated, as the price continued to hold above the moving averages and the support of the bullish trend.

The MACD is positive, as is the MACD line above the signal. The RSI is in overbought territory at 78. In the medium term, the situation is bullish as well. Important supports are described by the moving averages over one or two weeks as well as the upward trend and are at 2,949.16 EUR (3,486.01 USD), 2,790.26 EUR (3,298.18 USD) and 2,697.20 EUR (3,188.18 USD). The most obvious resistance here is also the latest all-time high, but those who like daring forecasts should refer to the 161% Fib Retracement level for developments since the minimum on 17 July, which is EUR 4,268.32 (USD 5,045.30).

Finally, let's look at the 1D chart:

Here, too, everything is pointing north. The price is well above the support of the uptrend since March and the moving averages for one and two months respectively.

The MACD is therefore positive, a signal confirmed by a slightly overbought RSI of 75.

Overall, the forecast is bullish. The most important longer-term support is described by the 23.6% Fib retracement level and is 2,570.96 EUR (3,038.96 USD). As in the shorter time windows, a resistance at the current all-time high is to be seen, if at all, but here too the bullish long-term forecast of the 161.8% Fib retracement level with regard to the development pursued since October last year on the 1D chart should be pointed out: This is 4,935.76 EUR (5,834.24 USD), almost the same as the aforementioned spike.